Core Viewpoint - The energy storage market is experiencing significant growth, with major companies like Trina Solar and Fluence securing substantial orders and expanding their operations in various regions, particularly in Asia-Pacific and Japan [1][2][3]. Group 1: Trina Solar Developments - Trina Solar has announced five new energy storage orders totaling over 2.38 GWh, including a 1.7 GWh project in South Asia and a 500 MWh project in Australia [3][6]. - The South Asia project is noted as one of the largest in the region, utilizing Trina's Elementa series energy storage system [5]. - Trina Solar is also expanding its presence in Japan and Southeast Asia, with plans to exceed 2.4 GWh of large-scale energy storage projects in the Asia-Pacific region by July 2025 [6][7]. Group 2: Market Growth and Opportunities - The Asia-Pacific energy storage market is projected to grow from over $5 billion in 2024 to $16 billion by 2035, driven by increasing energy demand and large-scale project developments [7]. - Trina Solar's projects in Lithuania, in collaboration with EPC company Stiemo, are set to deliver a total capacity of 90 MW/180 MWh by mid-2026, with plans for further expansion in Eastern Europe [7][9]. - Lithuania's government has approved an additional €37 million for energy storage capital expenditure subsidies, supporting projects between 15 MW and 150 MW [8]. Group 3: Fluence's Strategic Moves - Fluence has signed a memorandum of understanding with Japanese company ENERES to provide integrated solutions, enhancing the profitability and operational efficiency of battery energy storage systems [10][12]. - This partnership follows Fluence's collaboration with AMPYR in Australia, indicating a strategic focus on international markets [13]. - The Japanese energy storage market is expected to grow from 15.1 GW in 2024 to 29.4 GW by 2033, presenting significant opportunities for Fluence as it aims to capitalize on this growth [15].

Group 1: Solar Industry - The solar industry is experiencing a dual bottom in fundamentals and market sentiment, with expectations for supply-side reforms strengthening [9][11]. - In Q2, domestic solar installations are expected to increase significantly, driven by a surge in demand, with a total of 197.9 GW added in the first five months of 2025, representing a 150% year-on-year growth [15][19]. - The profitability across different segments of the solar supply chain is expected to diverge, with silicon material prices under pressure while silicon wafers, cells, and modules benefit from price increases due to demand [13][14]. Group 2: Energy Storage - The energy storage sector is seeing a significant increase in shipments, with domestic large-scale storage demand recovering, and overall profitability remaining stable [39][44]. - In the first five months of 2025, global energy storage battery shipments reached 196.5 GWh, a year-on-year increase of 118%, driven by domestic demand and favorable tariff conditions [54][60]. - The domestic energy storage market is expected to maintain high growth, with cumulative installations reaching 13.4 GW/32.1 GWh in the first five months of 2025, reflecting a 57% year-on-year increase [54][55]. Group 3: Policy and Market Dynamics - Recent government policies are focused on addressing "involution" in competition, with measures aimed at balancing supply and demand and promoting industry self-discipline [32][34]. - The solar and energy storage sectors are expected to benefit from ongoing policy support, which is anticipated to enhance market stability and encourage technological advancements [38][36]. - The report highlights the importance of monitoring industry price trends, component production rates, and the timing of supply-side policy announcements as key indicators for investment opportunities [38].

Core Viewpoint - The article discusses the opening of the inertia service market to battery energy storage systems (BESS) in Germany starting from 2026, which will provide an additional revenue stream for these systems through fixed-price contracts for inertia services [2][3]. Inertia Service Market - From 2026, German transmission system operators (TSOs) will pay BESS for providing inertia services, crucial for maintaining frequency stability in the power grid [2]. - The compensation will be based on fixed price contracts lasting between 2 to 10 years, with initial pricing set by TSOs and valid for two years [2][3]. - The first procurement window's pricing details will be announced by January 28, 2026 [2]. Technical Requirements and Costs - Inertia service providers must meet specific technical requirements, including valid certification throughout the contract duration, although detailed standards and procedures are yet to be disclosed [4]. - BESS must be equipped with grid-forming inverters to provide inertia services, potentially increasing capital expenditures for these systems [3]. Grid Fee Reform - The Federal Network Agency of Germany has initiated a review process for structural reform of the current grid fee mechanism, which currently only charges end-users [5]. - Proposed reforms may include expanding the fee structure to include power generation sources, with options for fixed fees, capacity-based charges, and dynamic pricing [5][6]. - Storage facilities currently enjoy a fee exemption until 2029, and the agency aims to create a long-term framework that integrates storage technology into the grid [5]. Future Storage Goals - The Federal Ministry for Economic Affairs and Climate Protection emphasizes that climate protection goals can only be achieved with a high installed capacity of storage systems [7]. - Current grid development plans project that by 2037, small battery storage capacity will reach approximately 67 GW, and large battery capacity will reach about 24 GW, with further increases expected by 2045 [7]. Energy Storage Projects - A list of planned large-scale storage projects in Germany includes various collaborations and timelines, indicating significant investment and development in the sector [9]. Subsidy Policies - Various subsidy policies are in place to support energy storage systems, including low-interest loans, investment grants, and tax incentives, aimed at promoting the adoption of BESS [10].

Core Insights - The implementation of the "Document No. 136" policy is shifting the demand for energy storage from being policy-driven to market-driven, impacting corporate strategies in the sector [2] - EVE Energy has emphasized the importance of product performance metrics such as cycle life, charge and discharge efficiency, and safety to ensure reliability and stability in the evolving market [2] - The company is expanding its global footprint while maintaining a strong domestic market presence, with plans for a new manufacturing facility in Malaysia expected to commence production in early 2026 [2][3] Company Performance - EVE Energy's overseas revenue reached 11.791 billion yuan in 2024, accounting for 24.25% of total revenue, with expectations for further growth in 2025 [3] - The company reported a significant increase in energy storage battery shipments, reaching 50.45 GWh in 2024, a year-on-year growth of 91.90%, positioning it as the second-largest global supplier [4] - The revenue from energy storage batteries in 2024 was 19.027 billion yuan, reflecting a 16.44% increase compared to 2023, while revenue from power batteries decreased by 20.08% [4] Product Development - EVE Energy launched the 836 kWh modular cabinet designed for commercial energy storage projects, set to begin mass production in Q3 2025 [3] - The company is focusing on large-capacity energy cells, with mainstream capacities increasing from 280Ah to over 300Ah, and plans to produce the first 600Ah+ cells by the end of 2024 [6] - The introduction of the 6.9 MWh energy storage system marks a significant advancement in the company's product offerings, aimed at meeting the growing demand for reliable energy storage solutions [7] Strategic Focus - EVE Energy's dual strategy of developing both power and energy storage batteries has positioned it well to capitalize on market opportunities [5] - The company is committed to long-term strategies that enhance after-sales service and brand building, which are crucial for sustaining competitive advantages [5] - The trend towards larger capacity cells and longer life cycles is driven by the need for cost efficiency and reliability in energy storage solutions [6]

Demand Side - Domestic energy storage installations reached 6.32GW/15.85GWh in May 2025, showing a year-on-year growth of 193%/228%[9] - India is expected to have over 2GWh of energy storage installed by the end of 2025, with a target of 4GW/17GWh for the 2025-26 fiscal year[20] - Germany's energy storage installations in May 2025 were 317MWh, with a year-on-year increase of 64.19% for large-scale storage[44] Supply Side - In May 2025, domestic energy storage tendering reached 6.57GW/20.2GWh, with a month-on-month increase of 84%[13] - The average price for a 2-hour energy storage system in China was 0.550 CNY/Wh, reflecting a month-on-month decrease of 6.6%[2] - In Italy, energy storage installations in Q4 2024 reached 607MW/1.96GWh, with a year-on-year growth of 27%/105%[54] Market Outlook - The European energy storage market is expected to see collective high growth in 2025, driven by rising electricity prices and natural gas replenishment efforts[34] - The U.S. is projected to add approximately 14-16GW of energy storage capacity in 2025, supported by emerging markets[30] - In Poland, residential energy storage installations reached 258MW/672MWh in 2024, with over 46,000 households having installed storage batteries[67]